South Korea plans to discuss bilateral FX swap with Japan

  • South Korea will discuss with Japan re-establishment of their bilateral foreign exchange swap line that expired in 2015, its finance minister said on 8 Jun.
  • “Current economic issues, including bilateral and regional financial cooperation, will be discussed at the bilateral finance minister meeting on 29 Jun,” Minister Choo Kyung-ho said, adding that currency swap arrangement was also on the agenda.
  • Choo was speaking at a discussion forum, in response to a reporter’s question about the bilateral finance minister meeting between Japan and South Korea that is scheduled to be held in Tokyo.
  • The meeting will mark the revival of regular dialogue between the two countries’ finance ministers, which they agreed to bring back to life during their prior meeting in early May 23 and had been suspended since 2016.

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